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Price controls are
A price ceiling
When the restaurant that serves fast food increases in the number, this leads to_____.
While we draw the demand curve, which of these assumptions are there?
Movement along the demand curve occurs due to change in:
In case of Giffen’s paradox, the slope of demand curve is:
Suppose the price of good X increases. If X and Y are substitutes, then, in the market for good Y, we would expect:
Suppose the demand for good Z goes up when the price of good Y goes down. We can say that goods Z and Y are:
When excess demand occurs in an unregulated market, there is a tendency for:
The demand for a given product will rise if:
law of demand shows the relationship between
If the quantity of crackers goes up when the price of cheese goes down, crackers and cheese are:
Which of the following would be likely to reduce the demand for residential housing?
How are two goods (apple and orange) related when, as a result of rise in the price of apples, demand for oranges increases?
Demand is determined by
The demand curve has a _____ slope.
What is the effect of cheaper substitutes on the demand of a commodity?
When the demand for good-Y is affected by the price of good-X, the demand is called_______
If consumer income declines, then the demand for